Petrol prices set to rise following 2012 Budget announcement

Fuel prices will increase by 3.02p per litre from August 2012 after George Osbourne refused to freeze prices.

It’s likely to push prices to £1.45 per litre, and £1.50 for diesel engines.

The following graphic from The Daily Mail shows where the price of petrol comes from:

The make-up of fuel prices

How will the increase in prices impact your life behind the wheel? Will you be forced off the road, will it not impact you, or do you have no choice but to cough up?

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